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The stock market rebounded on Tuesday after Abu Dhabi took a 4.9% stake in Citigroup (C) - Get Citigroup Inc. Report. The Dow closed up 215 points, and the Nasdaq finished up 39 points. The crew at CNBC's "Fast Money" took a look at Citigroup and the recession fears hitting the market.

Karen Finerman found it interesting that the stake was less than 5%, noting that level keeps Abu Dhabi from having to file a 13-D disclosure with the

Securities and Exchange Commission

. Pete Najarian likes the move because it will provide Citigroup with much-needed liquidity. Jeff Macke called this the "Abu Dhabi put" with the volatility in Citigroup's shares declining noticeably. Najarian also expects that Abu Dhabi will probably have to raise the Citigroup stake higher at lower prices. Finerman says the bank to buy is


(BCS) - Get Barclays PLC Report

after the firm provided positive earnings guidance.

Goldman Sachs Gets Defensive

Goldman Sachs

(GS) - Get Goldman Sachs Group Inc. (The) Report

made ripples on Wall Street Tuesday after the investment banking giant changed its coverage on 17 sectors because of fears of a looming recession. More specifically, Goldman upgraded large-cap biotech, defense and tobacco stocks and downgraded airlines, autos, trucking, marketing, lodging, REITs, software, oil services, metals and pretty much everything else.

Goldman's buy list included names like


(MO) - Get Altria Group Inc. Report



(MA) - Get Mastercard Incorporated Report

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TheStreet Recommends



(T) - Get AT&T Inc. Report


CVS Caremark

(CVS) - Get CVS Health Corporation Report


Gilead Sciences

(GILD) - Get Gilead Sciences Inc. Report



(GOOG) - Get Alphabet Inc. Report


The sell list had names like


(MMM) - Get 3M Company Report



(AN) - Get AutoNation Inc. Report


Discover Financial

(DFS) - Get Discover Financial Services Report



(DDS) - Get Dillard's Inc. Report


US Airways



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Najarian remarked that the most interesting thing was the split call on the airlines with Goldman upgrading


(UAL) - Get United Airlines Holdings Inc. Report



(DAL) - Get Delta Air Lines Inc. Report

and downgrading

US Air



Alaska Air

(ALK) - Get Alaska Air Group Inc. Report

. Guy Adami likes the Gilead Sciences pick from Goldman, and Macke thinks the investment bank is a bit late to say sell Dillard's.

(Need ideas for a recession proof portfolio? Check out this one on

Recession Portfolio


Word on the Street

Retail stocks came back to life staging a relief rally on Tuesday. Macke thinks


(COST) - Get Costco Wholesale Corporation Report

is interesting here and he feels it can go to $80. Adami favors apparel company

Citi Trends

(CTRN) - Get Citi Trends Inc. Report

, which has 21% of the float short for a trade. Finerman prefers


(WMT) - Get Walmart Inc. Report

through the holidays.

Freddie Mac


announced plans to cut its quarterly dividend in half to 25 cents from 50 cents and to sell $6 billion in preferred stock. Finerman suggests that this might be the beginning of the bottom for financial stocks. However, Macke totally disagreed and advised investors not to bet on a bottom in the financials.


(PFE) - Get Pfizer Inc. Report

trades up 2% bouncing off a 52-week low. Najairan cautions investors not to get excited about this movement. He feels that Pfizer will go nowhere until it makes some acquisitions to improve its pipeline.

Legendary investor Kirk Kerkorian announced on Tuesday that his investment firm Tracinda Corp is withdrawing its tender offer for



. Kerkorian didn't like that Tesoro recently adopted a poison pill. Finerman believes Kerkorian paid too much for his investment and used the poison pill as a way out. Najarian thinks the pill diluted Kerkorian's investment and the provision was put into place only after he took his stake.

(For Jim Cramer's look at Kerkorian's moves, check out this Stockpickr pportfolio:

Cramer's Stock Picks off Kerkorian


Pops & Drops

Pops --

(AMZN) - Get Inc. Report

traded up 5%. Macke thinks AMZN is a good retailer.

American International Group

(AIG) - Get American International Group Inc. Report

traded up 4% coming off its 52-week low. Adami suggests Wall Street is buying ahead of what many think will be a cash infusion coming for AIG.

Drops --


(GCO) - Get Genesco Inc. Report

fell 15% after the firm received a subpoena from the U.S. Attorney seeking information on its merger agreement with

Finish Line


. Finerman advises those investors who want to play here to use options only.



fell 15% after the firm reduced its earnings forecast and delayed its rating service. Finerman confirms the obvious -- this is bad news.

Bare Escentuals


fell 9% after the company's president resigned. Najarian comments that the company has some problems.

Heidrick & Struggles

(HSII) - Get Heidrick & Struggles International Inc. Report

fell 5%. Macke explained that a Goldman Sachs downgrade for the entire staffing sector hit shares of HSII.


Viewers write in with burning questions to be answered.

Mike from South Dakota asks, "We can't find a Wii game console anywhere. Is the lack of supply a positive or negative for


(NTDOY) - Get Nintendo Co. Ltd ADR Report

stock?" Macke says it's a little bit of both, but he thinks the stock remains a buy.

Dave from New Hampshire writes, "What does the temporary shutdown of


(HOG) - Get Harley-Davidson Inc. Report

manufacturing plants say about consumer purchasing and the possible relationship to other retail? Adami explained that discretionary purchases like motorcycles will see less demand in weaker economic environments. He also mentioned that Dennis Gartman has a large short position in HOG.

Final Trade

The team signs off with their top trade ideas.

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